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Federal Attorney Seeking Victims

By Staff | Dec 2, 2015

United States Attorney William J. Ihlenfeld II announced that federal and state authorities are seeking to identify anyone who has suffered a financial loss as a result of dealings arising from Budget Finance Co. Inc.

The New Martinsville company closed its doors in mid November. An answering machine at the business, located on Riverview Lane, stated the company is “closed indefinitely.” The business has not returned calls seeking comment.

The state Auditor’s Office Securities Commission has an open investigation into Budget Finance Co., said Vincent Smith, associate counsel of the commission.

Individuals or businesses who may have suffered losses as a result of financial transactions with Budget Finance Co. are asked to file a complaint with the United States Attorney’s Office for the Northern District of West Virginia using a standardized complaint form, which is available online at justice.gov/usao-ndwv/file/ 796046/download.

According to the U.S. Attorney’s office, a community forum was hosted by the Wetzel County Prosecuting Attorney’s Office on Tuesday at the New Martinsville Municipal Building. Information was provided to the public at the forum, and copies of the complaint form were provided.

Individuals can also report losses directly to the U.S. Attorney’s Office in Wheeling by calling 304-234-7721 or by sending an email to ashley.lough@usdoj.gov

Wetzel County Prosecutor Tim Haught said his office has received complaints from investors. He has been trying to reach someone with the company’s legal counsel to determine whether they plan on reopening and whether they intend to honor investment contracts. Haught said he looks forward to assisting the U.S. Attorney’s office with the investigation.

Haught asks that customers who have a complaint regarding their account at Budget Finance call his office at 304-455-8220, the state Attorney General’s Consumer Rights Division at 304-558-8986 or the State Auditor’s Securities Commission at 304-558-2251.